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1051 COLLEGE AVENUE HDFC CORP
BRONX, NY · EIN 133998583 · Form 990 · FY2024 · NTEE L20 · Housing & Shelter · Small ($100K-$1M)
revenue
$307K
expenses
$352K
net assets
$499K
employees
0
program ratio
78%
mission · from form 990

TO PROVIDE LOW INCOME TO MODERATE INCOME HOUSING OPPORTUNITIES FOR THE COMMUNITY

profile · synthesized from sources

1051 College Avenue HDFC Corp is a housing corporation based in the Bronx, NY, established to provide affordable housing opportunities for low- to moderate-income individuals and families. The organization operates as a limited-profit housing cooperative, preserving community-controlled affordable housing in a high-need urban area. Its mission centers on long-term housing stability and affordability for underserved residents.

named programs · 1 · from sources

What they call their work

Affordable Housing Management
Manages and maintains affordable housing units at 1051 College Avenue in the Bronx, ensuring long-term occupancy for low- to moderate-income residents through a resident-controlled HDFC structure
activities · 1 group

What they do

financials · form 990 · fy2024
revenue
Total revenue$307K
Contributions & grants$00%
Program service revenue$307K100%
Investment income$270%
Other revenue$0
expenses
Total expenses$352K
Program expenses78%
Admin / overhead22%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$579K
Cash$292K
Investments$0
Liabilities$80K
Net assets$499K
Liquid reserves10.0 mo
3 years on record · 2020–2024 · YoY revenue +0.7%
leadership · form 990 part vii · fy2024

Who runs it

board members · 3
  • CECILIA FERRO — SECRETARY
  • CONSOLATO CICCIU — PRESIDENT
  • PAUL FRACASSI — VICE PRESIDENT
strategies · 1

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Affordable Housing for Community Stability
    methodology: affordable-housing-development
    By developing and providing affordable housing, the organization supports long-term community stability, because stable housing reduces displacement and fosters resilient neighborhoods.